Re:The Global Cost of Corrosion
by s1artibartfast on Monday July 25, 2022 @05:47PM
(#32231366)
It is a actually a legal and insurance issue in Japan. The costs are not tied to the quality of the vehicle. If it costs more to recertify a perfectly functional used vehicle than lease a brand new one, it makes sense to opt for new one.
[ Parent
| on HN ]
A HUGE reform to our “throw-away 1 ton of iron” culture of ecology in Europe would be to rewrite the insurance estimates of cars.
The fact that insurances value a car of 35k€ at, I’m guessing, 25k€ at the exit of the garage, then 18, 12, 7, 4, 2k€ the following years, means that people see no value in used cars.
Whereas the real value of a car is certainly 25, 24, 23, 22, 21, 20k€ along the years, and when one recycles it, it’s actually a huge new cost for the household, for a car that could last 20 years. It breaks after 7 years? “Yeah buying a differential costs more than the entire price of the car, sir.”
Re:The Global Cost of Corrosion
by s1artibartfast on Thursday July 28, 2022 @02:00PM
(#32268001)
But it isn't the insurance that defines the price,it is the sales market. It doesn't matter if insurance says it is worth 20k if people will only pay 2k